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ARTICLE · 16 MAY 2013

Pooled Registered Pension Plans – Status Update

Osler, Hoskin & Harcourt LLP
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The federal government introduced the concept of the pooled registered pension plan in late 2011 through Bill C-25, the Pooled Registered Pension Plan Act, aimed to provide a "low cost" and accessible retirement savings vehicle for Canadians who do not currently participate in an employer sponsored pension plan.

CanadaEmployment and HR
Jonathan Marin
Jonathan Marin
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To address concerns about pension coverage in Canada, the federal government introduced the concept of the pooled registered pension plan (PRPP) in late 2011 through Bill C-25, the Pooled Registered Pension Plan Act (PRPP Act). The PRPP is intended to provide a "low cost" and accessible retirement savings vehicle for Canadians who do not currently participate in an employer sponsored pension plan.

On December 14, 2012, the federal PRPP regime came into force with the passage of the second and final set of regulations to the PRPP Act. While PRPPs are not yet available in any jurisdiction other than the federal jurisdiction, as I discuss below, a number of provinces have either drafted legislation introducing PRPPs or have indicated that they are considering introducing legislation to implement them.

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